Hengli Heavy Industries has signed a contract with its parent company, Hengli Group, for the construction of four 306,000 dwt Very Large Crude Carriers (VLCCs), as reported by Trade Winds and iMarine. These new vessels, set for delivery in 2026 and 2027, will be equipped with advanced desulfurization units to meet environmental standards.
Growth Fleet and Investment
This latest order brings Hengli Heavy Industries’ total VLCCs for Hengli Group to six, with the value of the four new VLCCs estimated between $440 million and $480 million based on current market prices. The addition underscores Hengli’s growing investment in modernizing its fleet to align with environmental regulations.
Advanced Desulfurization Technology
Each of the VLCCs will feature desulfurization units, reducing sulfur emissions and ensuring compliance with international environmental standards. This technology upgrade signifies Hengli’s commitment to minimizing its carbon footprint as it expands its shipping capabilities.
Resale Success in the VLCC Market
Hengli’s first two 306,000 dwt VLCCs, ordered in 2023, were successfully resold to Dynacom Tankers, marking the Greek company’s re-entry into the VLCC newbuilding resale market after a decade. This highlights the strong demand for such vessels, driven by increasing regulations and the need for more sustainable fuel options in shipping.
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Source: i MARINE
